Celanese Corp.'s plan to buy Omni Plastics LLC is its latest move to expand in plastics compounding.
In the past few years, the Dallas-based company has been investing heavily in compounding with internal projects and through acquisition in the United States and offshore.
Omni Plastics, founded in 1999, runs single- and twin-screw compounding lines in Evansville, Ind., in a facility with nearly 300,000 square feet of floor space.
Omni Plastics employs about 100 in the United States and Mexico. If offers about 1,000 different products.
“Engineered thermoplastics continue to be a material of choice in automotive, electrical and electronics, consumer goods and industrial markets and Omni Plastics strengthens Celanese's presence in these strategic areas as well as brings expanded presence in office furniture, filtration, lawn/garden, and other specialty materials applications,” noted Celanese CEO Scott Sutton in a Dec. 18 news release.
Celanese expects to finalize the Omni Plastics deal in the first quarter of 2018. Terms of the deal were not disclosed. Celanese will integrate the Omni business with its engineered materials business. It will acquire the following brands of engineering polymers:
• OmniLon nylon formulations with internal lubrication additives.
• OmniPro polypropylene compounds.
• OmniCarb polycarbonate formulations, largely used in automotive and electronics.
• OmniTech family of custom-developed materials based on various resins, including PBT and ABS.
Omni Plastics materials variously have Underwriters Laboratories listing and compliance with the U.S. Food and Drug Administration and NSF International for water and food safety. Some materials are qualified by automotive and electrical/electronic OEMs.